Financial and Banking News

• Bank of America will receive $20 billion to help absorb Merrill Lynch 16.01.2009 / Reuters
• Banks in need of even more money 15.01.2009 / New York Times
• Credit card companies should be more closely regulated 13.01.2009 / Bankrate.com
• Polish banks were attacked by thieves 13.01.2009 / Bloomberg.com
• Commerzbank AG to get fresh rescue cash 09.01.2009 / The Associated Press
• Citigroup will sell Citibank Privatkunden AG for $7.7bn 06.12.2008 / CNN
• Repartition of the Global Banking System is inevitable 05.12.2008 / BanksDaily.com
• US government puts up $300bn in Citigroup rescue 25.11.2008 / Guardian
• HSBC cuts 450 jobs in Hong Kong 18.11.2008 / New York Times
• 12 Russian banks have received a negative rating 11.11.2008 / Banks Daily
• GMAC is going to become a bank holding company 31.10.2008 / Washington Post
• American Express to cut 7,000 jobs, save $1.8 billion 30.10.2008 / Reuters
• Emerging markets become a trap for U.S. banks 30.10.2008 / Reuters
• Wachovia reports $23.9 billion loss for 3Q 23.10.2008 / New York Times
• ING receives 10bn euros capital injection 20.10.2008 / Financemarkets
• Lenders reject five million credit applications 17.10.2008 / Guardian
• German parliament agreed to allocate banks 500 billion euros 17.10.2008 / Associated Press
• Standard Chartered expands private bank in China 14.10.2008 / Financial News
• Banks want political lead, rate cuts for crisis 07.10.2008 / REUTERS
• Wells Fargo to buy Wachovia for $15.1 billion 05.10.2008 / International Herald Tribune
• Icelandic banks in latest restructuring 04.10.2008 / CIA World Fact Book
• Citigroup and Wells Fargo are going to buy Wachovia Corp. 02.10.2008 / Financial News
• The Belgian, Dutch and Luxembourg are investing in Fortis €11,2 billion 29.09.2008 / Financial Times
• Mitsubishi UFG will buy up to 20% stake in Morgan Stanley 24.09.2008 / Reuters
• Rothschild family sells stake in French arm to Bank of China 19.09.2008 / Wealth-Bulletin
• Investbanks affected by the crisis of the banking system in U.S. 16.09.2008 / BanksDaily.com
• Bank of America buys Merrill Lynch 15.09.2008 / BanksDaily.com
• Investec launches lending service for stars 05.09.2008 / Financial News
• Britons face Nicolas Sarkozy tax rise to fund French welfare plan 30.08.2008 / TimesOnLine
• Kuwait Invest Holding sells brokerage stake to EFG-Hermes 18.08.2008 / Reuters